By Maged Al-Shabib  

Riyadh-Mubasher: Tadawul All-Share Index (TASI) failed to break the 6,000 level despite a 9% surge in oil prices.

The gauge rose 0.77% or 45 points to close out the week at the 5,973 level.

Turnover increased to SAR 6.3 billion from SAR 5.7 billion on Wednesday, after 371 million shares changed hands through 157,000 transactions.

Technical analyst Ahmed Amer said there are many factors pressuring the market such as oil prices, adding that the index is still moving in a downward trend on profit-taking especially by speculators.  

The banking sector dominated 20% (SAR 1.3 billion) of the market's total traded value. The petrochemical sector followed with more than SAR 1 billion, and then the insurance sector with SAR 704 million.

Three sectors declined, led by the real estate development which lost 0.36%. Meanwhile, the remaining sectors advanced, topped by the agriculture and retail sectors which climbed 2.7% and 2% in a row.

Rounding up equities, 127 rose, topped by Anaam which rocketed 9.95% to SAR 17.35. Meanwhile, 38 stocks declined, led by Mubarrad which dived 5% to SAR 52.25.

Translated by Abdul Maguid Aboshahla